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Presidency Fires Back: No Opposition Can Stop Implementation Of New Tax Law.
The Presidency has affirmed that no level of opposition resistance will prevent the implementation of the newly enacted tax reform laws in January, while dismissing claims that some provisions were secretly altered.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the tax reform laws, which faced strong opposition from federal lawmakers from northern Nigeria prior to their passage, are set to take effect on January 1, 2026. President Bola Tinubu signed four bills into law, marking what the government has described as the most significant overhaul of the country’s tax system in decades.
The Federal Government said the reforms are intended to simplify tax compliance, broaden the tax base, eliminate overlapping taxes, and modernise revenue collection across federal, state, and local governments.
Despite this, former Vice President Atiku Abubakar, 2023 Labour Party presidential candidate Peter Obi, and several civil society organisations have called for a suspension of the laws’ implementation. The call followed allegations by House of Representatives member Abdussamad Dasuki that the gazetted versions of the tax laws differed from what was debated, voted on, and passed by lawmakers, raising concerns that any discrepancies could undermine the legal validity of the laws.
Dasuki urged that all relevant documents, including harmonised versions, votes, and chamber proceedings, be presented to the Committee of the Whole for thorough review.
Responding to the criticisms, Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, told Punch that there is no evidence the laws were altered, describing the claims as opposition-driven attempts to create controversy. He stressed that the tax laws were enacted following due process and that relevant government agencies are already mobilised to ensure smooth implementation from January 1, 2026.
Ajayi added that the implementation committee has been working diligently for the past six months and will not be distracted by attempts to undermine the policy. He noted, “Opposition elements can say whatever they want, even when it is very obvious to every rational person that all they seek to do is create a toxic environment around policy issues.”
He further explained that the House of Representatives has already set up a committee, led by Chairman of the House Committee on Finance, James Faleke, to investigate the allegations, and insisted that the appropriate course of action is to allow the committee to complete its work and present its findings.
The Presidency has officially distanced the Chief of Staff to the President, Femi Gbajabiamila, from the Presidential Foreign Intervention Promotion Council (PFIPC), citing police forensic analysis that confirmed the signature on the council’s appointment documentation was forged.....KINDLY READ THE FULL STORY HERE▶
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Forgery Investigation: Bayo Onanuga, Special Adviser to the President on Information and Strategy, confirmed that police forensic experts determined the documents paraded by the PFIPC Director-General (DG) were fake. The case is currently filed at the Federal Court, with Gbajabiamila and 10 others listed as prosecution witnesses.
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Release of Adeyemi’s Father: The Nigeria Police Force released the father of Adeniyi Adeyemi, the alleged DG of the PFIPC, following extensive questioning regarding his son’s whereabouts. Police officers had previously searched the family home on Monday in an attempt to locate Adeyemi.
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Legal Defense: Human rights lawyer Femi Falana, SAN, criticized the arrest of the elder Adeyemi as unlawful harassment. He emphasized that his client, Adeniyi Adeyemi, has consistently appeared in court for his ongoing trial regarding charges of conspiracy, forgery, and impersonation, and is scheduled to attend the next hearing on July 27.
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Senate Stance: The Senate stated it cannot intervene in the controversy because no formal petition has been submitted to the National Assembly and the matter is already sub judice. While the Senate confirmed the existence of a ₦1.3 billion budgetary allocation for the council in the 2026 Appropriation Act, the Senate Committee on Media and Publicity, Yemi Adaramodu, clarified that the legislature did not create this budget line and that security vetting of agency heads is an executive responsibility.
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SHAKE-UP AT THE VILLA: Tinubu Names Gbajabiamila, AGF, Security Chiefs To New State Police Task Force!.
President Bola Tinubu has inaugurated a Presidential Working Group, chaired by his Chief of Staff, Femi Gbajabiamila, to develop the legal framework for implementing state police in Nigeria. The committee was established at the Presidential Villa in Abuja on Tuesday, with the goal of creating a “technically robust, implementation-ready” National Policing Bill.....KINDLY READ THE FULL STORY HERE▶
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Purpose: While the recent constitutional amendment established a framework for dual policing, the National Policing Bill is necessary to operationalize it and define the legal structure for implementation.
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Legislative Scope: The proposed bill will address several critical areas, including minimum policing standards, certification of state readiness, coordination between federal and state levels, accountability, human rights safeguards, and fiscal conditions.
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Committee Mandate: The working group is tasked with preparing the draft bill immediately, rather than waiting for the constitutional process to conclude, and will also recommend other necessary legal instruments to ensure a smooth transition.
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Membership: The group comprises high-level officials, including the Attorney-General of the Federation, the National Security Adviser, the Inspector-General of Police, the President of the Nigerian Bar Association, the Chairman of the Nigeria Governors’ Forum, the Chairman of the NGF Committee on State Police, and a dedicated secretariat.
Parallel Market (Black Market): In the Lagos parallel market, the US dollar is trading at approximately ₦1,400.....KINDLY READ THE FULL STORY HERE▶
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Official Market (NFEM): Data from the official Nigerian Foreign Exchange Market indicates that the naira is exchanging at approximately ₦1,367.29 to the dollar. Other market data reflects a range of approximately ₦1,372.96.
Important Notes:
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The Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals seeking foreign exchange to utilize their respective banks.
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Exchange rates are subject to fluctuation throughout the day, and prices may vary depending on the specific location or financial institution.
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